📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
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Bitcoin (BTC) has shown a significant upward trend this week, pushing its asset value to $67,000. After a challenging start in May, its goal is to reach a new all-time high.
A common market sentiment suggests that the next historical high target for Bitcoin is $100,000, and more and more people speculate that this milestone could be achieved during the expected post-halving rebound.
In line with this sentiment, trading expert TradingShot shared insights in a TradingView post on May 18th, leveraging Bitcoin's technical indicators to outline potential factors and a possible timeline that could drive the asset to $100,000.
TradingShot's analysis revolves around the Inverse Head and Shoulders (IH&S) pattern, which is a bullish reversal pattern observed in technical analysis. The expert points out that there has been high anticipation since May 6th for Bitcoin to break the downtrend line of higher lows, which is a key indicator of the IH&S pattern. As expected, Bitcoin timely achieved this target.